RE: Invest Mongolia - Shanghai event6 May 2026 08:37
Yes, Petro Matad has a significant amount of seismic data across its various Mongolian assets. As of May 2026, the company uses this data to support its transition from pure exploration to production and to attract "farm-in" partners.
Here is a breakdown of the seismic data they hold and their current plans:
Current Seismic Portfolio
• Block XX (Heron & Gazelle Fields):
• The company has 3D seismic covering the northern part of this block, which was instrumental in the Heron-1 and Gazelle-1 discoveries.
• There is also 2D seismic covering the southerly extension of the block.
• Block VII (Borzon):
• This block has approximately 430 km of existing 2D seismic data acquired by a previous operator in 2009/10.
• Recent interpretations by Chinese contractors have identified several large prospects and leads within the Gunkhudug Sub-basin based on this data.
• Historical Data (Blocks IV & V):
• While Petro Matad has fully relinquished Block IV and Block V (as of July 2024), their historical database includes over 4,400 km of 2D seismic and 200 km^2 of 3D seismic across those central Mongolian assets.
Planned Acquisitions (2026)
According to the company's 2026 strategy, they are prioritizing:
• New 3D Seismic Acquisition: There are plans to acquire a new 3D seismic survey over the Block XX Exploitation Licence area that is currently only covered by 2D data. This is intended to help optimize infill drilling and better define the "Heron south" extension.
• Exploration Support: Seismic data is currently being used as a primary "selling point" in ongoing farm-out negotiations with potential partners for both Block XX and Block VII.
Summary of Geophysical Data
Beyond just seismic, Petro Matad’s data suite is quite dense for a junior explorer:
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